WE CAN MAKE THINGS BETTER
Debt Management Plan
Debt Management Plan (DMP) is an informal agreement to help you repay your debts in full with a reduced monthly payment over an extended period of time.
Available UK-wide
- Takes away stress with one simple monthly payment divided between your creditors.
- Your assets are protected and you don’t need to release equity from your home.
ADVANTAGES
- You no longer need to negotiate with creditors.
- DMP demonstrates your willingness to tackle your debts.
- Creditors may be willing to accept reduced payments from a third party.
CONSIDERATIONS
- Requires your creditors continued support, which can be withdrawn at anytime.
- Any creditor can still take legal action at any time, causing the plan to fail.
- A Debt Management Plan is not legally binding, so you don’t have legal protection.
- Lower, more affordable payments means that it takes longer to repay your debts.
TAKE YOUR FIRST STEP
GET IN TOUCH
We have helped customers manage over £55m of debts to date. Join them.
CALL: 0141 380 0221
EMAIL: info@richmond-oaks.com
TEXT: 07520 632 154
LIVE CHAT: Talk to an advisor
DON’T HESITATE
OUR EXPERTS ARE HERE TO HELP
HOW MUCH DO YOU OWE?
Contact us to get a consultation and we’ll calculate your total debts.
TALK TO THE TEAM
Speak to a member of our friendly and professional team, anytime.
OUR SOLUTIONS
Find out more about the debt solutions available.
